Cash Certificate

Federal Cash Certificate is a growth oriented scheme with high returns. If you are looking for an attractive investment scheme to put your hard earned money which doubles in the shortest span, with zero percent gambling, then Federal Cash Certificate is the ultimate option for you.

Features & Benefits



Minimum deposit amount for Cash certificate is just Rs. 1000/- 
There is no maximum amount for Cash certificate
Cash certificate has a minimum deposit period of 6 months and maximum deposit period is 10 years
Interest will be quarterly compounded and reinvested. Interest cannot be withdrawn before maturity of the deposit.
On the due date of the deposit, interest and principal amount will be credited to your Federal Bank Savings account automatically.
Cash certificates have the automatic renewal facility 
Nomination facility is available
You can get loan against Cash certificates up to 90% of deposit amount
Cash certificate can be opened through any branch of Federal Bank

How to invest?

Who can invest ?

  • Individuals
  • Individuals jointly with other Individuals
  • For Minor Individuals by Guardian
  • HUF
  • Sole proprietary concerns
  • Clubs/Associations
  • Firms 
  • Joint stock companies 
  • Any other entity not prohibited by RBI


How to invest ?

  • Opening a cash certificate is very easy. You can open the deposit either as online or offline.
  • If you are having FedNet - Internet Banking account, please visit FedNet to open Cash Certificate online.
  • If you do not have Internet banking facility activated, please visit your branch for opening the deposit.
  • Open cash certificate through our mobile banking application FedMobile.



Interest Rates & Charges


Tax Deducted at Source (TDS) for Deposits

  • In the case of Fixed Deposits and Cash Certificates, applicable TDS will be deducted from the interest credited to operative account/ term deposit periodically.
  • Income tax will be deducted as per the law applicable and if the depositor‘s total income including the interest earned on deposit does not come under the purview of income tax, then 15H/15G has to be submitted by the depositor to the branch after opening the term deposit and at the beginning of the Financial Year in the subsequent Financial Years.


Requirement of PAN

  • With effect from 01 July 2011, for opening term deposit exceeding Rs. 50,000/- with the bank, it is mandatory to quote Permanent Account Number (PAN) of the customers or submit Form 60/61, duly signed.
  • In the absence of PAN, Form 15G/H and other exemption certificates will be invalid even if submitted & penal TDS will be applicable.
  • As per section 206AA introduced by Finance (No. 2) Act, 2009 effective April 01, 2010, every person who receives income on which TDS is deductible shall furnish his PAN, failing which TDS shall be deducted at the rate of 20% in case of Domestic deposits
  • Kindly visit your Federal Bank branch with your PAN card (original & copy) to get the same updated on the bank accounts.

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